Rigid Plastic Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 257.36 Billion |
| Market Size (2029) | USD 299 Billion |
| CAGR (2024 - 2029) | 3.04 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Rigid Plastic Packaging Market Analysis
The Rigid Plastic Packaging Market size is estimated at USD 257.36 billion in 2024, and is expected to reach USD 299 billion by 2029, at a CAGR of 3.04% during the forecast period (2024-2029).
Rigid plastic packaging is at the centre of a new era in the global packaging industry, and its versatile usage is becoming the foundation for many industries that package their products. Plastic is one of the most prominent packaging materials in the world. Its lightweight and low-cost nature instantly made it prominent among all end-users.
- Sustainability is becoming a top priority for the rigid plastics packaging industry. End users and regulators demand more sustainable solutions, such as recycled materials, reduced plastic consumption, and eco-friendly options.
- The recyclability of rigid packaging is significantly higher than that of flexible packaging. The main reason is that rigid packaging typically has a mono-polymer monolithic structure, which is much easier to recycle than the monolithic multi-layer structures commonly used in flexible packaging.
- With rising environmental concerns, manufacturers have ever-grown awareness about the importance of environmentally friendly products. As a result, the preference for clean substitutes from conventional synthetic products is expected to drive the demand for oxo-biodegradable plastics.
- Rigid plastic is presently one of the world's most trusted packaging materials due to its recyclable and sustainable characteristics. Over the past few decades, it has continued influencing current production trends, providing superior quality, durability, and sustainability. The demand for rigid plastic packaging solutions has been experiencing growth across end-user sectors such as food, beverage, cosmetics, pharmaceuticals, industrial, automotive, etc.
- The market is expected to be significantly challenged due to dynamic changes in regulatory standards, primarily due to increasing environmental concerns. Governments worldwide are responding to public concerns regarding plastic packaging waste, especially plastic packaging waste, and implementing regulations to minimize environmental waste and improve waste management processes.
- Growing environmental concerns associated with plastic usage are a primary reason for the growth of alternatives for plastic packaging in the market. Flexible plastic packaging is highly preferred as an alternative by packaging manufacturers due to its wide applications in replacing rigid packaging solutions. Furthermore, flexible packaging requires less material, resulting in a significantly higher product-to-package ratio than its rigid counterparts.
Rigid Plastic Packaging Market Trends
Polyethylene Terephthalate (PET) to Register Significant Growth
- Plastic bottles made from PET are widely replacing heavy and fragile glass bottles since they offer reusable packaging for mineral water and other beverages, allowing a more economical transportation process. With its clarity and natural CO2 barrier properties, PET has wide applications and is easily blown into a bottle or molded into any other shape. PET properties can be improved with colorants, UV blockers, oxygen barriers/scavengers, and other additives to develop a bottle to match a brand's specific needs.
- In the rigid packaging industry, PET manufactures microwavable food trays and plastic bottles for soft drinks, water, juices, sports drinks, beer, mouthwash, ketchup, salad dressings, and food jars. There is a growing demand for PET bottles from various end-user industries, such as home care, beverages, and personal care. The growth is driven by consumer preference and its properties, such as being lightweight and having a high recycling rate.
- Several global companies increasingly recognize the urgency of recycling PET into food-grade products, such as beverage containers. This can drive the growth of the demand for PET. For instance, the Coca-Cola Company intends to use 50% recycled PET in its containers by 2030. Major companies, such as Unilever, L'Oréal, and P&G, announced a significant increase, thereby doubling the usage of post-consumer recycled (PCR) resins in their packaging, for which PET was a desirable resin type. For instance, Unilever is committed to making 100% of its plastic packaging reusable or recyclable by 2025.
- Market vendors are focusing on increasing the recyclability of PET single-use packaging to adhere to the regulations and create a closed-loop recycling cycle. The increasing emphasis on recycling these materials is expected to provide growth prospects for PET single-use packaging.
- For instance, in October 2023, Coca-Cola India introduced fully recycled PET bottles in pack sizes of 250 ml and 750 ml for its flagship Coca-Cola brand across multiple markets in the country. The company's strategy includes promoting low-priced packs in the market to attract more consumers and assist shoppers in selecting smaller packs to counteract the impact of high inflation.
- According to the Plastics Industry Association (PLASTICS)'s Rigid Plastic Packaging Group (RPPG), plastics account for one-third of the global packaging industry, and much of this plastic packaging is rigid. In addition, as stated by an OECD report, plastics use worldwide is expected to grow by 168 per cent from 2019 to 2060, reaching 1.2 billion metric tonnes by 2060, driving the market studied.
Asia-Pacific Holds Significant Market Share
- China is witnessing significant recycling rates in plastic bottles and other rigid packaging options. Multiple strategies are being advanced to address the issue of a circular economy, including substituting for alternative materials, investments toward the development of bio-based plastics, and designing packaging to make the circular loop.
- In a 2021-2025 "five-year plan," China announced it would improve its plastic recycling and incineration capacities, promote "green" plastic products, and combat the misuse of plastic in packaging and agriculture. The new five-year plan would push merchants and delivery companies to reduce "unreasonable" plastic wrapping and increase garbage incineration rates in cities to about 800,000 tons per day by 2025, up from 580,000 tons last year. Such developments are expected to increase the country's demand for recyclable rigid plastic packaging.
- Significant factors like the growing population drive the industry, increasing working individuals, and hanging lifestyles with busy schedules. Growth prospects of end-user segments are leading to a rise in the need for the rigid plastic packaging industry.
- India is also focused on reusing and recycling plastic products as part of lowering the environmental impact of plastics, and as part of this, companies operating in the beverage industry are partnering to promote recycling.
- For instance, in January 2024, Coca-Cola India and Reliance Retail announced the launch of a sustainability initiative titled 'Bhool Na Jana, Plastic Bottle Lautana,' focused on post-consumer PET collection at Reliance Retail stores in Mumbai via Reverse Vending Machines (RVMs) and collection bins. With an idea for a circular economy, this pilot project, aligned with the Government's Swachh Bharat Mission, has begun in 36 Reliance Retail stores, including Smart Bazaar and Sahakari Bhandar stores in Mumbai and Delhi, and will extend to 200 stores across India by 2025 with a target of collecting 5,00,000 PET bottles annually in the pilot phase.
- Japan's long coastline has significantly impacted the country's economic growth. The country's strategic location along essential sea routes has made it easier to trade and conduct maritime activities, which has helped Japan to become one of the top trading countries in the world.
Rigid Plastic Packaging Industry Overview
The rigid plastic packaging industry is characterized by fragmentation, featuring prominent players like Amcor PLC, Berry Global Inc., Sealed Air Corporation, and Greif Inc., alongside numerous other manufacturers. Despite high entry barriers for newcomers, regional packaging firms are increasingly recognizing the value of entering the rigid packaging domain, driven by robust demand from sectors such as industrial, food, and beverages. Major players in the market are leveraging competitive strategies, focusing on acquisitions, partnerships, robust R&D, and cutting-edge technological innovations.
- March 2024 - Mauser Packaging Solutions and Rikutec Packaging have forged an exclusive partnership, aligning with the global push for sustainable IBC solutions. Together, they're set to produce and promote top-tier multiway packaging, specifically designed for high-purity needs. This collaboration will see the introduction of a state-of-the-art, reusable, and heavy-duty 1,000-litre IBC, enhancing Mauser's product lineup with Rikutec's innovative offerings.
- January 2024 - ALPLA has acquired Fortiflex, a company based in Puerto Rico. The two firms have collaborated to manufacture packaging products catering to the Caribbean and Central American markets. With the acquisition of Fortiflex, ALPLA aims to bolster its industrial division, which focuses on large-volume packaging solutions established in 2023, and broaden its offerings as a comprehensive provider for its customers. In 2023, both ALPLA and Fortiflex set up a new production line for buckets in Costa Rica.
Rigid Plastic Packaging Market Leaders
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Amcor Group GmbH
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Alpha Packaging Inc.
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Berry Global Inc.
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Alpla Group
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Silgan Holdings Inc.
*Disclaimer: Major Players sorted in no particular order
Rigid Plastic Packaging Market News
- February 2024: Mauser Packaging Solutions has made a strategic move by acquiring all assets of Consolidated Container Company, LLC. This company specializes in manufacturing, reconditioning, and distributing industry containers, alongside offering recycling and related services. With facilities in Minneapolis, Minnesota, and Kansas City, Kansas, Mauser anticipates that this acquisition will greatly enhance its existing operations.
- January 2024: Mold-Tek Packaging Ltd, a key player in rigid plastic packaging, is channeling an investment of INR 120 crore (USD 14.40 million) to boost its production capacity by 5,000 metric tonnes per annum (MTA). This expansion primarily targets molded products catering to the FMCG, food, and pharma sectors. The company's Sultanpur facility in Telangana, India, has been upgraded to support this initiative. The facility will focus on producing tubes and bottles for OTC products, serving both export and domestic markets. Additionally, the company has secured land for a greenfield plant in Mahad, Maharashtra, aiming to set up a 1,500 MTA manufacturing unit for pail supplies, with plans to operationalize it by October 2024.
Rigid Plastic Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Demand for Oxo-Degradable Plastics is Expected to Increase with New Regulations
5.1.2 Increasing Rigid Plastic Packaging Solution Demand Across the End-user Industry
5.2 Market Challenges
5.2.1 Stringent Laws and Regulations Pertaining to Plastic Industries
5.2.2 Competition from Flexible Plastic Packaging
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 Bottles and Jars
6.1.2 Trays and Containers
6.1.3 Caps and Closures
6.1.4 Intermediate Bulk Containers (IBCs)
6.1.5 Drums
6.1.6 Pallets
6.1.7 Other Product Types
6.2 By Material
6.2.1 Polyethylene (PE)
6.2.2 Polyethylene Terephthalate (PET)
6.2.3 Polypropylene (PP)
6.2.4 Polystyrene (ps) and Expanded Polystyrene (EPS)
6.2.5 Polyvinyl Chloride (PVC)
6.2.6 Other Rigid Plastic Packaging Materials
6.3 By End User
6.3.1 Food
6.3.2 Beverage
6.3.3 Healthcare
6.3.4 Cosmetics and Personal Care
6.3.5 Industrial
6.3.6 Building and Construction
6.3.7 Automotive
6.3.8 Other End User Industries
6.4 By Geography***
6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
6.4.2 Europe
6.4.2.1 France
6.4.2.2 Germany
6.4.2.3 Italy
6.4.2.4 United Kingdom
6.4.2.5 Spain
6.4.2.6 Poland
6.4.3 Asia
6.4.3.1 China
6.4.3.2 India
6.4.3.3 Japan
6.4.3.4 Thailand
6.4.3.5 Australia
6.4.4 Latin America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Mexico
6.4.5 Middle East and Africa
6.4.5.1 United Arab Emirates
6.4.5.2 Saudi Arabia
6.4.5.3 South Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Amcor Group GmbH
7.1.2 Alpha Packaging Inc.
7.1.3 Berry Global Inc.
7.1.4 Alpla Group
7.1.5 Silgan Holdings Inc.
7.1.6 Sealed Air Corporation
7.1.7 Plastipak Holding Inc.
7.1.8 Sonoco Products Company
7.1.9 Resilux NV
7.1.10 Graham Packaging Company Inc.
7.1.11 Greif Inc.
7.1.12 Mauser Packaging Solutions (Bway Holding Corporation)
7.1.13 Pact Group Holdings Ltd
7.1.14 Gerresheimer AG
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
Rigid Plastic Packaging Industry Segmentation
Rigid packaging study tracks the demand for rigid plastic packaging materials catering to the food, food-service, beverage, healthcare, personal care, cosmetic industries, industrial, building and construction, automotive and other end-users. The rigid plastics can be of different grades and different material combinations based on the type of product being packed, like polyethene, polypropylene, polyvinyl chloride, polyethene terephthalate, bio-plastics and others.
The rigid plastic packaging market is segmented by product type (bottles and jars, trays and containers, caps and closures, intermediate bulk containers (IBCs), drums, pallets, and other product types), by material (polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (ps) and expanded polystyrene (EPS), polyvinyl chloride (PVC), and other rigid plastic packaging materials), by end user (food, beverage, healthcare, cosmetics and personal care, industrial, building and construction, automotive, and other end user industries), by geography (North America [United States, Canada], Europe [France, Germany, Italy, United Kingdom, Spain, Poland, Rest of Europe], Asia Pacific [China, India, Japan, Thailand, Australia, Rest of Asia Pacific], Latin America [Brazil, Argentina, Mexico, Rest of Latin America], Middle East and Africa [United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East and Africa]). The report offers market forecasts and size in value (USD) for all the above segments.
| By Product Type | |
| Bottles and Jars | |
| Trays and Containers | |
| Caps and Closures | |
| Intermediate Bulk Containers (IBCs) | |
| Drums | |
| Pallets | |
| Other Product Types |
| By Material | |
| Polyethylene (PE) | |
| Polyethylene Terephthalate (PET) | |
| Polypropylene (PP) | |
| Polystyrene (ps) and Expanded Polystyrene (EPS) | |
| Polyvinyl Chloride (PVC) | |
| Other Rigid Plastic Packaging Materials |
| By End User | |
| Food | |
| Beverage | |
| Healthcare | |
| Cosmetics and Personal Care | |
| Industrial | |
| Building and Construction | |
| Automotive | |
| Other End User Industries |
| By Geography*** | ||||||||
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Rigid Plastic Packaging Market Research FAQs
How big is the Rigid Plastic Packaging Market?
The Rigid Plastic Packaging Market size is expected to reach USD 257.36 billion in 2024 and grow at a CAGR of 3.04% to reach USD 299 billion by 2029.
What is the current Rigid Plastic Packaging Market size?
In 2024, the Rigid Plastic Packaging Market size is expected to reach USD 257.36 billion.
Who are the key players in Rigid Plastic Packaging Market?
Amcor Group GmbH, Alpha Packaging Inc., Berry Global Inc., Alpla Group and Silgan Holdings Inc. are the major companies operating in the Rigid Plastic Packaging Market.
Which is the fastest growing region in Rigid Plastic Packaging Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Rigid Plastic Packaging Market?
In 2024, the Asia Pacific accounts for the largest market share in Rigid Plastic Packaging Market.
What years does this Rigid Plastic Packaging Market cover, and what was the market size in 2023?
In 2023, the Rigid Plastic Packaging Market size was estimated at USD 249.54 billion. The report covers the Rigid Plastic Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Rigid Plastic Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Rigid Plastic Packaging Industry Report
The rigid plastic packaging industry is witnessing remarkable growth, fueled by the increasing demand from sectors like food & beverages, healthcare, and personal care. Its success lies in offering durable, lightweight, and cost-effective solutions, meeting the evolving needs of consumers and businesses. Emphasizing sustainability, the industry is advancing in recycling and eco-friendly materials, catering to the green packaging trend. Its versatility, evident in products like bottles and containers, alongside innovations in production processes such as injection molding, positions it as a market favorite. The industry's growth is further propelled by the rapid urbanization in Asia-Pacific, a leading consumer due to its vast population and economic boom. Despite competition from flexible packaging and regulatory challenges, the rigid plastic packaging sector thrives, capitalizing on e-commerce and demographic shifts. For detailed insights, Mordor Intelligence™ offers a comprehensive analysis, including market share, size, revenue growth, and forecasts, available as a free report PDF download, highlighting the industry's significant global market presence.
Rigid Plastic Packaging Market Report Snapshots
